Forum Discussion

kylieabela's avatar
kylieabela
12 months ago

Cents per KM travel

The current ATO allowable cents per km rate is 85 cents but we are moving to an award that requires payment of 95 cents per km so the extra 10 cents is taxable. I read in a previous thread from a fe...
  • Julie_A_C's avatar
    Julie_A_C
    12 months ago

    Hi kylieabela Doreen_P 

     

    Unfortunately that is the way you have to do the  allowance. 85c not taxable and 10c taxable.

     

    Other Accounting systems I have come across also have to do it this way.

     

     

Julie_A_C's avatar
Julie_A_C
Ultimate Cover User

Hi kylieabela Doreen_P 

 

Unfortunately that is the way you have to do the  allowance. 85c not taxable and 10c taxable.

 

Other Accounting systems I have come across also have to do it this way.

 

 

Doreen_P's avatar
Doreen_P
MYOB Moderator
12 months ago

Hi, Julie_A_C

 

Thank you for responding to this post.

 

We truly appreciate your continuous support for the MYOB Community Forum. We are glad to have you here.

 

Best regards,

Doreen

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